Despite a burgeoning debate on substantive issues in IPE, little attention has been devoted to its theoretical foundations. In this important new text, Matthew Watson reviews the main current theoretical approaches to IPE and highlights the problems that arise from treating 'states' and 'markets' as separate and contesting units of analysis. Foremost among these problems is the lack of attention given to theorizing the constitution of the individual as both an economic agent and a moral being.
No approach to world affairs in the 21st century can afford to ignore the impact that processes of globalisation are having on governments, economies, cultures, and individuals. An understanding of the theories that underpin International Political Economy, and their practical applications, is therefore crucial to the study of international relations, politics, development and economics. In this comprehensive and accessible introduction to the field, the authors consider traditional and alternative approaches to IPE, elucidating key concepts, assumptions and the intellectual and historical context in which they arose and developed – making clear at all times their relevance to issues from trade finance and government, to environment, technology, development and culture. The style of this book encourages independent reflection and critical thinking. Each chapter relates theoretical analysis to contemporary issues, by way of giving the student a better understanding of the theory, and also demonstrating the value of theory in the real world.
Ideally suited to upper-undergraduate and graduate students, Analyzing the Global Political Economy critically assesses the convergence between IPE, comparative political economy, and economics. Andrew Walter and Gautam Sen show that a careful engagement with economics is essential for understanding both contemporary IPE and for analyzing the global political economy. The authors also argue that the deployment of more advanced economic theories should not detract from the continuing importance for IPE of key concepts from political science and international relations. IPE students with little or no background in economics will therefore find this book useful, and economics students interested in political economy will be alerted to the comparative strengths of political science and other social science disciplines. A concise look at the foundations of analysis in the political economy of global trade, money, finance, and investment Suitable for upper-undergraduate and graduate students with some or no economic background Techniques and findings from a range of academic disciplines, including international relations, political science, economics, sociology, and history Further reading and useful weblinks including a range of relevant data sources, listed in each chapter
Internationale Organisationen mit globaler oder regionaler Reichweite (z.B. UN, IWF, Weltbank, WTO, EU) spielen eine zunehmend wichtige Rolle bei der Schaffung und Implementierung von internationalen Normen und Regeln, mithin bei Global Governance. Die Sicherheit, das ökonomische Wohlergehen, der Schutz der Menschenrechte und die ökologischen Lebensbedingungen von Menschen weltweit werden von der Fähigkeit bzw. Unfähigkeit internationaler Organisationen, Kooperation und Regieren jenseits des Nationalstaates möglich zu machen und zu stabilisieren, beeinflusst. Das Lehrbuch will die Leserin bzw. den Leser daher theoretisch informiert und empirisch fundiert mit den Entstehungsbedingungen, der Entwicklung, Funktionsweise und den Tätigkeiten internationaler Organisationen vertraut machen. Es führt in die wichtigsten Theorien über internationale Organisationen ein und bietet einen historischen Überblick über internationale Organisationen in verschiedenen Politikfeldern. Das Lehrbuch analysiert ferner die Akteure, Strukturen und Prozesse, die die Entscheidungsfindung in internationalen Organisationen prägen. Schließlich werden die Tätigkeiten eines breiten Spektrums internationaler Organisationen und deren Beitrag zur kooperativen Bearbeitung grenzüberschreitender Probleme in den Sachbereichen „Sicherheit“, „Wirtschaft“, „Umwelt“ und „Menschenrechte“ untersucht.
Matthew Watson draws a distinction between the spatial and the functional mobility of capital, allowing fresh insights into existing work on the subject whilst repoliticizing the very idea of capital being 'in motion'. The dynamics of capital mobility and the patterns of risk exposure are illustrated through four detailed global case studies.
Stefan Schirm führt in die Grundlagen der Internationalen Politischen Ökonomie (IPÖ) von den neueren Theorien bis zu den aktuellen empirischen Politikfeldern (Globalisierung, Finanzmarktkrise) ein. Er legt so das Fundament für die systematische Integration der IPÖ in die politikwissenschaftliche Lehre und Forschung.. „Der Band sucht aufgrund seiner analytischen Schärfe, thematischen Breite und didaktischen Qualität in der hiesigen Wissenschaftslandschaft seinesgleichen“ (Internationale Politik 3 / 05, zur 1. Auflage).
The nature of the contemporary global political economy and the significance of the current crisis are a matter of wide-ranging intellectual and political debate, which has contributed to a revival of interest in Marx’s critique of political economy. This book interrogates such a critique within the broader framework of the history of political economy, and offers a new appreciation of its contemporary relevance. A distinctive feature of this study is its use of the new historical critical edition of the writings of Marx and Engels (MEGA2), their partially unpublished notebooks in particular. The sheer volume of this material forces a renewed encounter with Marx. It demonstrates that the international sphere and non-European societies had an increasing importance in his research, which developed the scientific elements elaborated by Marx’s predecessors. This book questions widespread assumptions that the nation-state was the starting point for the analysis of development. It explores the international foundations of political economy, from mercantilism to Adam Smith and David Ricardo and to Hegel, and investigates how the understanding of the international political economy informs the interpretations of history to which it gave rise. The book then traces the developments of Marx’s critique of political economy from the early 1840s to Capital Volume 1 and shows that his deepening understanding of the laws of capitalist uneven and combined development allowed him to recognise the growth of a world working class. Marx’s work thus offers the necessary categories to develop an alternative to methodological nationalism and Eurocentrism grounded in a critique of political economy. This book is essential reading for anyone interested in the development of Marx’s thought and in the foundations of International Political Economy.
Takes up the important human impact questions of the global economy. With examples, this title links: domestic consequences to international trends, local and regional to global developments, and the formal to the informal economy. It also presents the political dimension of economic interaction.
This unique collection presents a Post-Keynesian perspective on international economics and trade. All the major areas in international economics are covered, with the Post-Keynesian approach giving a welcome fresh perspective. The book is divided into five main sections: * foreign trade * open economy * international payments systems * exchange rate determination * development. Unavailable elsewhere, the readings present original, state-of-the-art research by leading Post-Keynesian scholars. Contributors include: Philip Arestis, Robert Blecker, Paul Davidson, Sheila Dow, Bruce Elmslie, Ilene Grabel John McCombie Eleni Paliginis, A.P. Thirlwall L. Randall Wray Johan Deprez, John T. Harvey,
The first text to fully integrate economic principles with political analysis, State Power and World Markets provides a contemporary and comprehensive overview of the international political economy.
'There is no better guide through the terrain of international political economy. Jerry Cohen has been a major contributor since the contemporary field emerged in the late 1960s at the intersection of international relations and international economics. He remains a superbly clear writer with first-hand knowledge of the key developments in what is now a truly global discipline. I recommend this book enthusiastically for introductory courses at the undergraduate or graduate levels.' - Louis W. Pauly, University of Toronto, Canada 'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of conversation, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.' - Robert O. Keohane, Princeton University, US 'A concise, readable and deeply informed survey of different approaches to international political economy. Essential reading for students in the field. Even advanced professionals will appreciate the diversity of perspectives examined. Cohen aims to create a more open field of IPE that appreciates and learns from difference. This book is a major contribution towards that goal.' - David A. Lake, University of California, San Diego, US 'Jerry Cohen occupies that rare position from which, when he defines a field, other people sit up and take notice. Here, his experience, insight and vision are brought to bear on how best to define international political economy (IPE) for students who are already familiar with its basic subject matter. Written with his usual panache and in his usual engaging prose, this is a must-read book for both advanced students of IPE and the people who teach them.' - Matthew Watson, University of Warwick, UK Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by some of the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. In this unique and original advanced introduction, Professor Benjamin Cohen pinpoints the essential principles of international political economy and illuminates the full array of perspectives to be found across the globe in this rich field of study. Key Features include: * Provides a comprehensive global survey of IPE. * Concise introduction to the field written in an easily accessible, non-technical form. * In depth analysis of the most established American and British schools of IPE. * Extended discussion of other key national and regional traditions, focusing on the European continent, Latin America, Australia, Canada and China. * Combines a unique sketch of the geography of IPE with insight into how communities fit together. Written in a concise and lively style, the volume serves as an accessible yet thoughtful introduction to international political economy that will be an excellent supplement to leading texts used by advanced students and scholars specializing in international political economy and global political economy.
What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.
Although many international political economy texts offer good descriptions of what events have occurred in global economic and political relations, they fail to develop explicit theoretical frameworks explaining why. Andrew C. Sobel's International Political Economy in Context: Individual Choices, Global Effects takes a micro approach to IPE, grounding policy choices in the deliberations and competitive environs of domestic politics and decision-making processes. Sobel builds students' skills for a sophisticated understanding of how and why events unfold in the international political economy. Armed with the primary assumptions and structural/macro conditions of economic and political geography in the global arena, as well as an understanding of micro-level conditions and mechanisms and their shortfalls that influence political and economic outcomes, students are able to make sense of past and present changes in the global political economy. International Political Economy in Context offers a compelling, accessible, and fully integrated rational choice perspective on international political economy.
Amidst the continued debate surrounding the foundations of IPE, coupled with recent methodological and theoretical divides this book argues that an attempt should be made to re-visit the notion of the 'critical'. The challenge posed by contributors to this volume is to assess the development of so-called critical IPE and interrogate whether the theoretical foundations it was built upon have reached their potential. The essays in this volume take up this challenge in a number of different ways but all share a common concern - to re-assess the purpose of critical approaches, reflect on why certain social theorists have been favoured as a point of departure, yet others have largely been ignored. In light of recent debates on the notion of a 'trans-Atlantic divide' within IPE the collection the contributors aim demonstrates how the distinction between the 'critical' and the 'orthodox' (or 'empirical') is only significant if the 'critical' is geared towards a larger, more substantial body of critical social enquiry and engages with what it means to conduct such enquiry.
Since the 1990s many of the assumptions that anchored the study of governance in international political economy have been shaken loose. Reflecting on the intriguing and important processes of change that have occurred, and are occurring, Professors Antho
Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement. These agreements foster economic integration among member states by enhancing their access to one another's markets. Yet despite the importance of PTAs to international trade and world politics, until now little attention has been focused on why governments choose to join them and how governments design them. This book offers valuable new insights into the political economy of PTA formation. Many economists have argued that the roots of these agreements lie in the promise they hold for improving the welfare of member states. Others have posited that trade agreements are a response to global political conditions. Edward Mansfield and Helen Milner argue that domestic politics provide a crucial impetus to the decision by governments to enter trade pacts. Drawing on this argument, they explain why democracies are more likely to enter PTAs than nondemocratic regimes, and why as the number of veto players--interest groups with the power to block policy change--increases in a prospective member state, the likelihood of the state entering a trade agreement is reduced. The book provides a novel view of the political foundations of trade agreements.
The author builds two macro foundations which lead to an understanding of the economic conditions a society must satisfy in order to exist, survive, and develop. Social subsistence is used as the entry point and fundamental principle, while both production and distribution survival conditions are formulated.
In Search of Stability: Explorations in Historical Political Economy ponders the issue of how Western industrial societies overcame major challenges to political and economic stability in the twentieth century. Successive essays ask: what ideological messages did American influence transmit to Europe after World War I, then again after World War II? Did Nazis and Italian fascists share an economic ideology or impose a unique economic system in the interwar period and during World War II? How do their accomplishments stack up comparatively against those of the liberal democracies? After 1945, what was the relationship between concepts of productivity and class division? How have the major experiences of twentieth-century inflation arisen out of class and interest-group rivalry? Most generally, what has been the representation of interests in capitalist political economies?
Dealing with the central themes and issues of the subject, this text outlines the different theoretical approaches of the global political economy, as well as engaging key contemporary debates such as worldwide trade and production.
In kaum einem Bereich spuken so viele Irrtümer herum wie in der Ökonomie. Zudem sind sie so weit verbreitet, dass sie als gültige Lehrmeinung angesehen werden. Themen wie staatliche Zinsmanipulation, Sparen, Inflation, Mindestlöhne oder Branchenrettung, wie die der Banken, sind aktueller und missverstandener denn je. Deshalb ist es wichtig zu wissen, was wirklich hinter den Begriffen steckt, wie sie zusammenwirken und welche praktischen Folgen (staatliche) Eingriffe haben. Niemand könnte ein Verständnis wirtschaftlicher Grundlagen besser vermitteln als Henry Hazlitt. Als einer der ganz Großen der Österreichischen Schule wird er in einem Atemzug mit Mises, Hayek und Rothbard genannt. Seine Begabung für elegante, populäre Darstellungen wirtschaftlicher Zusammenhänge haben dieses Buch entstehen lassen. In 24 kurzweiligen Kapiteln vermittelt er sein umfassendes Wissen, von Steuern über die Idee der Vollbeschäftigung bis zu Preisen und Inflation. Die 24 wichtigsten Regeln der Wirtschaft, ein Klassiker der Ökonomie jetzt auf Deutsch und heute noch so aktuell wie zur Erstveröffentlichung 1946.